Alliancebernstein L.P. Acquires Shares of 16,612 QXO, Inc. (NASDAQ:QXO)

Alliancebernstein L.P. bought a new position in shares of QXO, Inc. (NASDAQ:QXO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 16,612 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors have also modified their holdings of QXO. Summit Trail Advisors LLC raised its holdings in shares of QXO by 1.3% during the fourth quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company’s stock worth $1,844,000 after purchasing an additional 1,497 shares during the period. Wellington Shields & Co. LLC grew its position in shares of QXO by 2.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 75,000 shares of the company’s stock valued at $1,192,000 after buying an additional 1,500 shares during the last quarter. SG Americas Securities LLC raised its stake in QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after acquiring an additional 3,000 shares during the period. Verdence Capital Advisors LLC lifted its holdings in QXO by 23.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company’s stock worth $253,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in QXO by 24.0% in the fourth quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company’s stock valued at $252,000 after acquiring an additional 3,064 shares during the period. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Trading Down 2.9 %

NASDAQ:QXO opened at $12.77 on Tuesday. The stock has a 50 day moving average of $13.25 and a 200-day moving average of $14.61. The firm has a market capitalization of $5.23 billion, a PE ratio of -1.40, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00.

About QXO

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.